"employees" includes directors, officers, servants and employees of any
employer.
"fund" means a provident, superannuation, sick, accident, assurance,
unemployment, pension or co-operative benefit fund, scheme, arrangement or
provision or other like fund, scheme, arrangement or provision.
"self-employed persons" includes persons engaged in any lawful profession,
trade, occupation or calling.
(2) The rule against perpetuities does not
invalidate a fund established by a settlement for the benefit of:
(2A) The rule against perpetuities does not invalidate a
trust established by a settlement and used for investing the assets of a fund
referred to in subsection (2) (whether or not it is also used for investing
other assets). This subsection does not affect the generality of subsection
(2).